Forex Trend Analysis Report
Prepared for you on Sunday, February 28, 2021.
Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)
Long-Term Uptrend (+90) - SARJPY is in a strong uptrend that is likely to continue. While SARJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.
Is it time to buy, sell, or avoid SARJPY?
MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for SARJPY
The long-term trend has been UP since Feb 5th, 2021 at 28.172723
The intermediate-term trend has been UP since Jan 11th, 2021 at 27.751701
The short-term trend has been UP since Feb 24th, 2021 at 28.207644
Smart Scan Analysis for SARJPY
Based on our trend formula, SARJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).